Our mission statement is the foundation of our service philosophy "To provide financial education and a complete array of favorably priced products and services, all delivered by a superior, well-trained staff, designed to enhance the financial benefit to our members."
Our Story
Its early in May, 1936. On a back porch in Englewood Cliffs, New Jersey, seven Bergen County Teachers decided to put $143.00, all of their savings, into one community pool of funds. Their mission – to "promote thrift to their fellow members and provide a convenient place where the membership could borrow money at a reasonable rate of interest."
Fast forward to 2010. The former East Bergen Teacher’s Federal Credit Union is now Paragon Federal Credit Union, with branches in Montvale, Mahwah, West Orange, Westwood, Oakland, Englewood Cliffs and Dumont, New Jersey, as well as Allentown, Pennsylvania. We're one of the largest and most successful credit unions in New Jersey, with over 62,000 members. 74 years later, our mission today is essentially the same: “to provide financial education and complete array of favorably priced products and services, all delivered by a superior well-trained staff, designed to enhance the financial benefit to our members."
Our story is just one of many successful stories of member-owned financial institutions that strengthen communities across the nation. By returning profits to members in the form of low or no-cost products and services, credit unions are able to deliver lower rate mortgages and car loans, higher savings returns, and a host of other benefits that traditional banks can’t. At Paragon Federal Credit Union, our Community Charter allows us to serve members based on where they live, work, worship, or attend school. It’s easy to qualify and so easy to join - just click here to see if your eligible and enjoy the credit union difference with Paragon Federal Credit Union!
For more information about Paragon Federal Credit Union and all the benefits of membership for yourself or organization, please call (800) 222-8877 or (201) 358-6666, or email staff@paragonfcu.org.
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